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PCAOB Auditing Standard 1001.01 states that "In all matters relating to the assignment, an independence in...

PCAOB Auditing Standard 1001.01 states that "In all matters relating to the assignment, an independence in mental attitude is to be maintained by the auditor or auditors."

All of the Public Company Accounting Oversight Board (PCAOB) standards are available at www.pcaobus.org.

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Answer #1

False

As the PCAOB 1001,01 deals with the opinion of auditor on the financial statements of the company whose audit carried out by hime/her.

"This standards require him to state whether, in his opinion, the financial statements are presented in conformity with generally accepted accounting principles and to identify those circumstances in which such principles have not been consistently observed in the preparation of the financial statements of the current period in relation to those of the preceding period."

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